The Ministry of Trade and Industry formalized a working relationship with PYXERA Global by signing of a Memorandum of Understanding today.? The?Ghana Supply Chain Development Program will enable collaboration towards increasing the participation of local small and medium sized enterprises in the supply chains of international oil companies operating in Ghana.

Earlier in 2013, USAID awarded a 5-year $4.9 million grant to? PYXERA Global to implement this program in the Western Region.? Based in Takoradi, the program seeks to increase sustainable participation of Ghanaian small businesses in oil and gas procurements in Ghana.? The program strives to increase capacity of local business service providers relating to sector procurement regulations and standards; create market linkages between the oil and gas sector; and collaborate closely with the? Enterprise Development Center to facilitate?the sustainable provision of business development services.

Ambassador Cretz noted that, ?Today?s Memorandum of Understanding signing is a visible demonstration of the U.S. commitment to ensuring that Ghanaian businesses have the expertise and support needed to bid for and, most importantly, win procurements in the oil and gas sector in Ghana.? There can be no clearer example of our strongly-held view that local content is a worthy goal and can be mutually beneficial when there is a cooperative process of consultation and shared understanding.?

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